Serious Fraud Office ends investigation into Airbus individuals May 4, 2021 The Serious Fraud Office (SFO) has ended a criminal investigation into individuals associated with Airbus, after it agreed to a record €3.6bn global settlement 16 months ago. Three sources familiar with the investigation told Reuters the SFO had written to former suspects to say it would take no further action. Overseas prosecutors could, however, take [...]
India’s Covid crisis makes Barclays and other banks to shift call centre operations back to UK May 3, 2021 Barclays has announced it will shift some of its Indian call centre operations back to the UK as staff in the South-Asian country are struggling to cope with the ongoing Covid-19 crisis. A range of other UK and US banks and companies are mulling to do the same, according to multiple media reports in India [...]
London ranked most optimistic UK city for career prospects April 30, 2021 Londoners have been crowned the most optimistic about their career prospects, according to research by LinkedIn, as the City emerges from a third national lockdown. LinkedIn’s latest research has found that 68 per cent of people in the capital are feeling optimistic about their job chances. Across the rest of the country, 61 per cent [...]
Barclays faces shareholder revolt over fossil fuel investments as AGM approaches April 29, 2021 Barclays is facing a second consecutive shareholder resolution concerning its position as Europe’s largest fossil fuel financier. Investors are increasingly drawing attention to the shareholder resolution due to be voted on at the bank’s Annual General Meeting next week, on Wednesday 5 May. A letter from investors with more than $4 trillion of funds urged [...]
Indeed: Highest paying jobs are seeing the least competition April 29, 2021 As restrictions ease, the UK’s job market has been slowly pulling itself together after a rocky year and according to jobs site Indeed, some of the highest paying roles are seeing the least competition. New figures by Indeed revealed that while recruitment is picking up speed, job postings are still 10 per cent below pre-pandemic [...]
LinkedIn: Barclays, Tesco and NatWest ranked top three UK workplaces April 28, 2021 Barclays has been crowned the best company to work for, followed by Tesco and NatWest, according to LinkedIn’s list of the 25 top workplaces in the UK. The list ranks workplaces on their capacity to build and sustain a long-term career and have been compiled based on actions taken by the platform’s 30m UK members [...]
Business rates relief snub costs Sainsbury’s £400m as profit slumps despite lockdown sales boost April 28, 2021 The last year saw most Brits spend up large at the supermarket, but despite a sales boom Sainsbury’s first quarter profit has slumped because it chose to say no to business rates relief. Sainsbury’s, the UK’s second largest grocer after Tesco , said it made an underlying pretax profit of £356m in the year to [...]
Britain’s top bosses call for ‘national prosperity’ plan to boost growth post-pandemic April 28, 2021 Some of the UK’s top business leaders have called on the Government to set out a plan to boost growth as the country deals with the devastating impact of the pandemic. The Covid Recovery Commission, a group set up by last summer which includes top executives from Tesco, Shell and Heathrow Airport , has set [...]
Asda beats competitors to become fastest growing Big Four supermarket for first time in more than two years April 27, 2021 Asda beat its competitors to become the fastest growing of the biggest UK supermarkets for the first time in more than two years as consumers ventured further for their food shopping. The latest data showed Asda, which was recently sold by US retail giant Walmart to the Issa brothers and TDR Capital, increased its market [...]
Shakespeare: Tesco reaps the benefits of tech giveaways April 21, 2021 Tesco and Tesco Mobile earned positive headlines in recent weeks following the announcement that they were swapping out apples for Apple iPhones, Galaxy chocolate for Samsung Galaxy phones, and substituting other grocery items with high-end technology. The supermarket’s recent media campaigns have also encouraged Britons to stop buying alcohol from their stores in favour of [...]